Slide 1: Investor Call 2Q 2026
INVESTOR CALL 2Q 2026 July 21, 2026, 10:00am ET Webcast: www.smartbank.com (Investor Relations) Audio Only: 1-833-461-5787 Access Code: 208 155 555 Miller Welborn Chairman of the Board Billy Carroll President & CEO Ron Gorczynski CFO 1
Slide 2: Disclosures
DISCLOSURES Forward-Looking Statements Non-GAAP Financial Measures This presentation may contain statements that are based on management’s current estimates or expectations of future events Statements included in this presentation include measures not recognized under U.S. generally accepted account
Slide 3: Quarterly Highlights: Second Quarter 2026
QUARTERLY HIGHLIGHTS: SECOND QUARTER 2026 Book Value (BV) & Tangible Book $0.96 $6.1 Earnings Per Share (EPS) Value (TBV) Per Common Share Diluted Operating Billion in Total $0.96 $0.96 $33.74 EPS1 Assets $32.88 $30.51 $0.81 $0.81 $28.22 $27.33 13% 15% $0.69 $0.69 $24.42 QoQ2 Annualized QoQ Annualiz
Slide 4: GAAP Key Measure Trends
GAAP KEY MEASURE TRENDS: Net Income: Diluted EPS: Total Revenue: $16,322 $55,950 $0.96 $ in Thousands $ in Thousands $20, 000 $1 $60, 000 $18, 000 $42,958 $16, 000 $11,543 $1 $0.68 $50, 000 $14, 000 $12, 000 $1 $40, 000 $10, 000 $8, 000 $0 $30, 000 $6, 000 $4, 000 $0 $20, 000 $2, 000 $- $0 $10, 000
Slide 5: Non-GAAP Key Measure Trends
NON-GAAP KEY MEASURE TRENDS1: Operating Earnings: Operating Diluted EPS: Operating PPNR Earnings: $21,941 $16,282 $0.96 $ in Thousands $ in Thousands $ in Thousands $20, 000 $1 $25, 000 $18, 000 $1 $16, 000 $1 $11,608 $0.69 $15,815 $20, 000 $14, 000 $1 $12, 000 $1 $10, 000 $1 $15, 000 $8, 000 $1 $6,
Slide 6: SmartFinancial: Expanding Southeast Franchise
SMARTFINANCIAL: EXPANDING SOUTHEAST FRANCHISE $6.1 Nashville Knoxville Billion in Total Assets Chattanooga Huntsville $4.7 Billion in Total Birmingham Loans Tuscaloosa Auburn $5.4 Montgomery Columbus Billion in Total Deposits Dothan Branch Offices Mobile Current Loan Production Offices 42 Pensacola
Slide 7: SmartBank Journey: Looking Ahead
SMARTBANK JOURNEY: LOOKING AHEAD Strategic Focus: Leverage Existing Infrastructure Investments to Drive Profitability and Optimize Efficiency $7 $ in Billions, unless otherwise indicated $6.1 $6 $5.9 $5.3 $4.8 $5 $4.6 $4.6 $4 $3.3 $3 $2.4 $2.3 $2 $1.7 $1.0 $1.1 $1 $- 2015 2016 2017 2018 2019 2020 20
Slide 8: Market Area: Building Density in Attractive Southeast Markets
MARKET AREA: BUILDING DENSITY IN ATTRACTIVE SOUTHEAST MARKETS US Population Migration: Strong Migration into Great Markets Profile by Market Area: Abundant Organic Opportunity 1,2,3 Projected Population CAGR through 2030 Southeast Population Growth Expected to Continue Nashville Knoxville Huntsville
Slide 9: Loan Portfolio: Solid Markets Providing Opportunity
LOAN PORTFOLIO: SOLID MARKETS PROVIDING OPPORTUNITY $ in Millions, unless otherwise indicated Total Loans Loan Composition CAGR of 13% Since 2021 History of Consistent Organic Growth $4,683 $4,683 $4,518 6. 40% $4,518 $4,364 $4,364 $4,222 $4, 500 $4,124 19% $3,906 19% 6. 20% $4, 000 19% 19% 19% $3,4
Slide 10: Loan Concentration: Well Balanced Exposure
LOAN CONCENTRATION: WELL BALANCED EXPOSURE Non-Owner Occupied CRE Construction & Development Exposure By Segment Exposure By Type1 Highly Diversified with Concentration Risk Closely Monitored Seasoned Client Base Retail Resi/Comm Space Land 11% 17% Resi/Comm Hotel & Land Dev. Hospitality 13% 32% Off
Slide 11: Asset Quality: Strong Underwriting Pays Dividends
ASSET QUALITY: STRONG UNDERWRITING PAYS DIVIDENDS $ in Thousands, unless otherwise indicated $20,000 1.50% 350% 250% $18,000 Nonperforming Assets 1.30% Commercial Real Estate Concentration $15,055 330% $16,000 $14,228 1.10% $12,543 $12,690 $14,000 301% 310% 200% 0.90% $10,462 293% $12,000 $10,000 0.
Slide 12: Deposit Portfolio: Defending Deposit Market Share
DEPOSIT PORTFOLIO: DEFENDING DEPOSIT MARKET SHARE $ in Millions, unless otherwise indicated Total Deposits Deposit Composition Loans to Deposits Ratio of 87% Focused on Core Relationship Growth $5,386 $5,386 $5,153 $5,196 $5,196 $5,051 $5,153 3. 40% $4,872 18% $5, 000 17% 16% $4,686 19% 20% $4,268 $
Slide 13: Securities Detail: Strong Portfolio Yield and Liquidity
4.50% SECURITIES DETAIL: STRONG PORTFOLIO YIELD AND LIQUIDITY $ in Millions, unless otherwise indicated Portfolio Summary Weighted Average Portfolio Yield $697 Million Book Value 5.7 Year Average Life 4.00% 3.83% 3.81% 3.78% 3.71% Book Yield 4.1% Effective Duration ($30) Million Unrealized Loss 85%
Slide 14: Repricing Schedule: Yield Enhancement Underway
REPRICING SCHEDULE: YIELD ENHANCEMENT UNDERWAY Quarterly FYE 2029 & ($ in millions) 3Q26 4Q26 1Q27 2Q27 3Q27 4Q27 2028 Beyond Loan Repricing Schedule: Fixed Rate Loans $ 120 $ 82 $ 91 $ 48 $ 85 $ 109 $ 264 $ 1,130 Weighted Average Yield 5.04% 4.45% 4.90% 5.01% 5.16% 5.17% 5.47% 5.80% Adjustable Rate
Slide 15: Liquidity Overview: Prudently Managing Liquidity
LIQUIDITY OVERVIEW: PRUDENTLY MANAGING LIQUIDITY $ in Millions, unless otherwise indicated Robust Liquidity on Hand Other Liquidity Sources Access to a Variety of Funding Total Amount Net $1.9 Billion in Untapped Liquidity Sources Current On-Balance Sheet: Available Used Availability Cash & Cash Equ
Slide 16: Liquidity Management: Margin Inflection Continues
LIQUIDITY MANAGEMENT: MARGIN INFLECTION CONTINUES $ in Millions, unless otherwise indicated $ in Thousands, unless otherwise indicated $900 Cash and Securities 40.0% Margin / Operating Revenue2 $800 35.0% $673 $680 $55,896 $662 3.8 0% $700 $634 30.0% $627 $53,816 $53,313 $557 $600 $53, 000 25.0% 3.7
Slide 17: Interest Rate Sensitivity
INTEREST R ATE SENSITIVITY $ in Millions, unless otherwise indicated $ in Thousands, unless otherwise indicated Fixed vs. Variable Rate Loans Static Shock / Rate Ramp Analysis1 $1.9 Billion Fixed Rate Loans Interest Income % Change $2.8 Billion Variable Rate Loans $1,536 , 0.8% • $1.9 Billion Short-
Slide 18: Revenue Diversification: Line of Business & Fee Income Expansion
REVENUE DIVERSIFICATION: LINE OF BUSINESS & FEE INCOME EXPANSION $ in Thousands, unless otherwise indicated Differentiated Revenue Streams Operating Noninterest Income1 Building a Family of Diversified Revenue Generators Focused on Recurring Fee Income $8,902 Wealth & Private Banking $8,397 $8,219 ~
Slide 19: Operating Expense: Focus on Expense Containment
OPERATING EXPENSE: FOCUS ON EXPENSE CONTAINMENT $ in Thousands, unless otherwise indicated Operating Efficiency Ratio1 Operating Noninterest Expense1 $33,955 $32,569 $32,559 $32,455 $32,915 66% 64% 60% 61% 60% 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 1 Operating Efficiency Ratio Salaries &
Slide 20: Capital: Well Capitalized – Building Book Value
CAPITAL: WELL CAPITALIZED – BUILDING BOOK VALUE TCE / TA1 Leverage Ratio Building Shareholder Value Tangible Book Value Per Common Share (TBVPCS)1 $31. 00 8.3% 8.3% 8.4% 8.5% 8.0% 8.0% 8.2% 7.8% 7.9% 7.7% $28.98 $29. 00 $28.22 5% $27.39 Well $26.85 Capitalized $27. 00 $25. 00 $24.25 $23. 00 $22.85 $
Slide 21: Why SmartBank: Investment Highlights
WHY SMARTBANK: INVESTMENT HIGHLIGHTS Engaged Management Team $ Valuable Deposit Base Solid Credit Quality and Underwriting Stable Markets Experiencing Population Expansion Growing Business Lines with Revenue Diversification Franchise Scarcity Value – Building Southeast Density History of Defending B
Slide 22: Appendix
Wy SmartFinancial APPENDIX
Slide 23: Income Statement: Detailed Second Quarter Results
INCOME STATEMENT: DETAILED SECOND QUARTER RESULTS 2Q26 vs. 1Q26 2Q25 ($ in thousands, except per share data) 2Q26 1Q26 2Q25 % Chg. % Chg. Net Interest Income $ 48,064 $ 45,876 $ 40,343 5% 19% Provision for Credit Losses 1,463 4,139 2,411 Noninterest Income 7,886 7,941 8,898 (1%) (11%) Noninterest Ex
Slide 24: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION $ in Thousands, unless otherwise indicated 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 Operating Earnings Net Income (GAAP) $ 16,322 $ 13,680 $ 13,703 $ 13,686 $ 11,705 $ 11,254 $ 9,640 $ 9,140 Noninterest Income: Securities (Gains) Losses (54) (1) - 3,715 4 - (64) - Gain on Sale
Slide 25: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION $ in Thousands, unless otherwise indicated 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 3Q22 Operating Earnings Net Income (GAAP) $ 8,003 $ 9,358 $ 6,190 $ 2,067 $ 8,836 $ 11,500 $ 13,004 $ 11,543 Noninterest Income: Securities (Gains) Losses - - - 6,801 - - (144) - Gain on Sale of Bra
Slide 26: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION $ in Thousands, unless otherwise indicated 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 Tangible Common Equity: Shareholders' Equity (GAAP) $ 576,924 $ 562,161 $ 552,492 $ 538,482 $ 519,127 $ 505,941 $ 491,461 $ 489,023 Less Goodwill And Other Intangible Assets 94,417 94,871 95,32
Slide 27: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION $ in Thousands, unless otherwise indicated 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 Tangible Common Equity (Excluding AOCI): Shareholders' Equity (GAAP) $ 576,924 $ 562,161 $ 552,492 $ 538,482 $ 519,127 $ 505,941 $ 491,461 $ 489,023 Less Goodwill And Other Intangible Assets 94
Slide 28: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION $ in Thousands, unless otherwise indicated 2Q26 2025Y 2024Y 2023Y 2022Y 2021Y Tangible Common Equity (Excluding AOCI): Shareholders' Equity (GAAP) $ 576,924 $ 552,492 $ 491,461 $ 459,886 $ 432,452 $ 429,430 Less Goodwill And Other Intangible Assets 94,417 95,328 104,723 107,1
Slide 29: Contact
CONTACT Miller Welborn Billy Carroll Ron Gorczynski Chairman President & CEO Chief Financial Officer 423.385.3067 865.868.0613 865.437.5724 Miller.Welborn@smartbank.com Billy.Carroll@smartbank.com Ron.Gorczynski@smartbank.com 5401 Kingston Pike, Suite 600 Knoxville, TN 37919 29